Hungary - Diazo-, Azo- Or Azoxy-Compounds - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Hungary - Diazo-, Azo- Or Azoxy-Compounds - Market Analysis, Forecast, Size, Trends And Insights

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Azo- or Azoxy-Compounds Price in Hungary - 2023

Contents:

  1. Azo- or Azoxy-Compounds Price in Hungary (CIF) - 2023
  2. Azo- or Azoxy-Compounds Price in Hungary (FOB) - 2022
  3. Azo- or Azoxy-Compounds Imports in Hungary
  4. Azo- or Azoxy-Compounds Exports in Hungary

Azo- or Azoxy-Compounds Price in Hungary (CIF) - 2023

In July 2023, the average azo- or azoxy-compounds import price amounted to $4,758 per ton, dropping by -15% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 36% month-to-month. As a result, import price attained the peak level of $7,017 per ton. From May 2023 to July 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From July 2022 to July 2023, the rate of growth in terms of prices for Spain amounted to +2.4% per month.

Azo- or Azoxy-Compounds Price in Hungary (FOB) - 2022

The average azo- or azoxy-compounds export price stood at $4,055 per ton in 2021, growing by 2.4% against the previous year. Overall, the export price enjoyed measured growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 504%. As a result, the export price reached the peak level of $20,183 per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($4,125 per ton), while the average price for exports to Germany amounted to $3,635 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.

Azo- or Azoxy-Compounds Imports in Hungary

In 2022, the amount of diazo-, azo- or azoxy-compounds imported into Hungary shrank sharply to 641 tons, dropping by -18.4% compared with 2021. Over the period under review, imports saw a perceptible slump. The pace of growth appeared the most rapid in 2021 with an increase of 28%. As a result, imports reached the peak of 785 tons, and then fell significantly in the following year.

In value terms, azo- or azoxy-compounds imports dropped to $3.2M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. As a result, imports attained the peak of $3.4M, and then shrank in the following year.

Import of Azo- or Azoxy-Compounds in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia1,7241,8722,1271,7670.8%
France1.021.1280479682.4%
Italy462181499442-1.5%
Spain14213132121114.1%
CroatiaN/AN/A42.8179318.2%
Germany21064.525.545.7-39.9%
Others8.55.068.159.991.7%
Total2,5482,2753,3643,1847.7%

Top Suppliers of Azo- or Azoxy-Compounds to Hungary in 2022:

  1. Indonesia (389.6 tons)
  2. Italy (89.8 tons)
  3. France (75.8 tons)
  4. Spain (41.2 tons)
  5. Croatia (36.0 tons)
  6. Germany (4.9 tons)

Azo- or Azoxy-Compounds Exports in Hungary

In 2021, shipments abroad of diazo-, azo- or azoxy-compounds decreased by -10.3% to 14 tons for the first time since 2018, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +6.0% from 2019 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25%. As a result, the exports attained the peak of 16 tons, and then declined in the following year.

In value terms, azo- or azoxy-compounds exports dropped to $57K in 2021. Overall, exports showed a drastic downturn.

Export of Azo- or Azoxy-Compounds in Hungary (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
Italy39.661.849.511.8%
Germany38.9N/A7.3-56.7%
Others1.1N/AN/A0%
Total79.661.856.8-15.5%

Top Export Markets for Azo- or Azoxy-Compounds from Hungary in 2022:

  1. Italy (12.0 tons)
  2. Germany (2.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the azo- or azoxy-compounds market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20144420 - Diazo-, azo- or azoxy-compounds

Country coverage:

  • Hungary

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hungary
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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